Caesars Entertainment Mergers and Acquisitions Summary

Gaming Company

Caesars Entertainment has acquired 5 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets.

Caesars Entertainment’s largest acquisition to date was in 2020, when it acquired William Hill for $4.5B. It’s largest disclosed sale occurred in 2016, when it sold Playtika to Hony Capital for $4.4B. Caesars Entertainment has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include gaming (60%) and digital media (20%).

Join Mergr and gain access to Caesars Entertainment’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the gaming sector.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity5
    • M&A Sell Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 9
  • M&A Advisors 3

Caesars Entertainment Corp.

One Caesars Palace Drive,
Las Vegas, Nevada 89109
United States,
(702) 407-6000
www.caesars.com

Caesars Entertainment Corporation is a diversified casino-entertainment provider with casinos and resorts in the US, South America, Europe, and the Middle East. In addition to casinos, Caesars' facilities typically include hotel and convention space, restaurants, and non-gaming entertainment facilities. Caesars Entertainment Corp. was established in 1937 and is headquartered in Las Vegas, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 3 1 - - 1 - 5
vol $1.2B $1.7B $4.5B $7.4B
Sell (0.6/yr) # 2 - - - 3 - 5
vol $4.6B $645M $5.3B
  10

Most Recent M&A

Company Date Value Type
Eldorado Resort Casino Shreveport 2020-12-23 140M USD Divestiture
Shreveport, Louisiana · www.eldoradoshreveport.com
Tropicana Evansville 2020-10-27 480M USD Divestiture
Evansville, Indiana · www.tropevansville.com
William Hill Plc 2020-09-30 4.5B GBP Add-on Acquisition
London, United Kingdom · www.williamhillplc.com
Bally's Atlantic City Hotel & Casino 2020-04-24 25M USD Divestiture
Atlantic City, New Jersey
Centaur Holdings LLC 2017-11-17 1.7B USD Add-on Acquisition
Indianapolis, Indiana · www.centaurgaming.net
Playtika Ltd. 2016-07-30 4.4B USD Divestiture
Tel Aviv, Israel · www.playtika.com
Playtika Ltd. 2011-05-16 - Add-on Acquisition
Tel Aviv, Israel · www.playtika.com
Park Place Entertainment Corp. 2005-06-13 - Add-on Acquisition
Las Vegas, Nevada
Star City Holdings Ltd. 1999-04-16 240M USD Add-on Acquisition
Pyrmont,, Australia
Showboat Inc. 1997-12-20 1.2B USD Add-on Acquisition
Las Vegas, Nevada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Gaming 3 (60%) 7.4B (100%) 1 (20%) 240M (5%)
Leisure 1 (20%) - 3 (60%) 645M (12%)
Digital Media 1 (20%) - 1 (20%) 4.4B (83%)
Total 5 $7.4B 5 $5.3B

By Geo

State/Country Buy Value Sell Value
United States 3 2.9B 3 645M
  Nevada 2 1.2B - -
  Indiana 1 1.7B 1 480M
  New Jersey - - 1 25M
  Louisiana - - 1 140M
Israel 1 - 1 4.4B
Australia - - 1 240M
United Kingdom 1 4.5B - -
Domestic 3 (60%) 2.9B (39%) 3 (60%) 645M (12%)
Cross-border 2 (40%) 4.5B (61%) 2 (40%) 4.6B (88%)
Total 5 $7.4B 5 $5.3B

Top M&A Advisors

Financial Deals
The Raine Group LLC
1
Legal Deals
Latham & Watkins
1
Milbank, Tweed, Hadley & McCloy LLP
1

Deal Values

buy # Total
> $1B 3 $7.4B
TOTAL $7.4B
Largest William Hill Plc
$4.5B (2020-09-30)
sell # Total
> $1B 1 $4.4B
$100M to $1B 3 $860M
< $100M 1 $25M
TOTAL $5.3B
Largest Playtika Ltd.
$4.4B (2016-07-30)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
100%
5 (100%)

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